This module allows you to analyze existing cross correlation between Exmo Ethereum USD and coinfield ZCash USD. You can compare the effects of market volatilities on Exmo Ethereum and coinfield ZCash and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Exmo Ethereum with a short position of coinfield ZCash. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and coinfield ZCash.

Comparative Performance

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Ethereum is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.

Risk-Adjusted Performance

Over the last 30 days coinfield ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, coinfield ZCash is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Exmo Ethereum and coinfield ZCash Volatility Contrast

Exmo Ethereum USD vs. coinfield ZCash USD

Exmo

Ethereum on Exmo in USD

190.61

0.00

0.00%

Market Cap: 126.4 M

coinfield

ZCash on coinfield in USD

46.77

0.00

0.00%

Market Cap: 157.2 K

Performance (%)

Timeline

Pair Volatility

If you would invest (100.00) in coinfield ZCash USD on August 16, 2019 and sell it today you would earn a total of 100.00 from holding coinfield ZCash USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Exmo Ethereum and coinfield ZCash

Diversification Opportunities for Exmo Ethereum and coinfield ZCash

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and coinfield ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on coinfield ZCash USD and Exmo Ethereum is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Exmo Ethereum USD are associated (or correlated) with coinfield ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of coinfield ZCash USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and coinfield ZCash go up and down completely randomly.